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US rig count set for dramatic 65% free-fall

US oil and gas companies are putting the brakes on drilling due to the combined global effect of the COVID-19 pandemic and declining oil...

US stands ready to work with Guyana elections body on vote...

United States Secretary of State Michael Pompeo said on Tuesday the US stands ready to work with the Guyana Elections Commission (GECOM) and observer...

Largest number of bankruptcy filings in modern history in play as...

Whiting Petroleum this week opened the door of Chapter 11 filings but will not be the only company to cross that threshold. As the...

Gas sector impacted by triple whammy of coronavirus, oil price crash...

In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to...

Oil drops more than 6% to 18-year low as global demand...

(CNBC) U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare...

Baker Hughes reports US drilling rigs drop by 44

Baker Hughes’ latest Rig Count revealed that as at March 27, 2020 the count of active United States drilling rigs has dropped by 44...

US, UK warn of ‘serious consequences’ for those looking to ‘benefit...

The United States of America and the United Kingdom are stepping up their call for full transparency in Guyana’s March 2 election where to...

US drilled but uncompleted wells under threat from oil price collapse...

In the wake of one of history’s largest oil price declines in a single day, a Rystad Energy impact analysis shows that US drilled...

US Treasury Department sanctions Rosneft Trading S.A. for supporting Maduro regime

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on Tuesday announced the designation of Rosneft Trading S.A., the...

Western oil majors face potential attacks in Iraq following US airstrike

Despite reports of oil field staff withdrawals in Iraq over concern of retaliation from Iranian backed militants, all upstream operations and exports in Iraq...